Is Bon Secours Richmond Health System a Good Charity?
Bon Secours Richmond Health System has a NonprofitTruth Efficiency Score of 79/100 (B), based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue. Current-officer compensation: $1,642,980.
This page answers a common question about U.S. nonprofit financial efficiency: Is Bon Secours Richmond Health System a Good Charity?. The answer below pulls directly from IRS Form 990 filings — the public-disclosure document every U.S. tax-exempt organization must file annually — and the NonprofitTruth efficiency rubric that combines financial-reserve, revenue-consistency, and officer-compensation factors into a single grade. Why this matters: every U.S. taxpayer subsidizes the nonprofit sector indirectly — donations are tax-deductible, nonprofit income is exempt, and many nonprofit employees benefit from sector-specific tax provisions. The public-disclosure regime exists specifically to give donors and policy-makers the data they need to judge whether the subsidy is well-spent on a given organization.
The detailed answer below uses the actual Form 990 numbers, explains how to read them, and translates the technical accounting into the donor-relevant version of the question.
Bon Secours Richmond Health System is a health nonprofit based in Cincinnati, Ohio with IRS EIN 521988421. According to its Form 990 filing for tax year 2022, the organization reported $1.9B in total revenue, $1.7B in total expenses, and $2.7B in net assets.
A program-vs-overhead split is not shown for Bon Secours Richmond Health System because total program service expenses (Form 990 Part IX, line 25, column B) are not carried in the ProPublica Nonprofit Explorer feed this site ingests. Rather than estimate the figure, we omit it; the breakdown can be read directly from the organization's e-filed Form 990 or on Candid (GuideStar).
Compensation for current officers and key employees at Bon Secours Richmond Health System totaled $1,642,980 in 2022, representing approximately 8.7 basis points (0.09%) of total revenue. The NonprofitTruth Efficiency Score of 79/100 weights financial health / operating reserves (40%), multi-year revenue consistency (35%), and officer compensation relative to revenue (25%), producing a grade of B.
Key Data
| Metric | Value |
|---|---|
| Efficiency Score | 79/100 (B) |
| Total Revenue | $1.9B |
| Total Expenses | $1.7B |
| Current-Officer Compensation | $1,642,980 |
| Category | Health |
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Frequently Asked Questions
Bon Secours Richmond Health System has a NonprofitTruth Efficiency Score of 79/100 (B), based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue. Current-officer compensation: $1,642,980.
Bon Secours Richmond Health System reported $1,642,980 in total compensation for current officers and key employees for tax year 2022 (IRS Form 990 Part IX, line 5) — about 0.09% of the organization's $1.9B in revenue. This is an aggregate across all listed officers, not one person's salary.
Bon Secours Richmond Health System reported $1.9B in total revenue for tax year 2022, with $2.7B in net assets.
Officer compensation at Bon Secours Richmond Health System works out to about 0.09% of total revenue (8.7 basis points). At roughly 0.09% of revenue, officer pay here is modest relative to the organization's scale. On our rubric, the officer-compensation factor scored 100/100.
The NonprofitTruth Efficiency Score weights three factors from IRS Form 990 data: financial health / operating reserves (40%), multi-year revenue consistency (35%), and officer compensation relative to revenue (25%). It does not estimate a program-spending ratio. Bon Secours Richmond Health System scored 79/100 (grade B).
More about Bon Secours Richmond Health System
Bon Secours Richmond Health System has a NonprofitTruth Efficiency Score of 79/100 (B), based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue. Current-officer compensation: $1,642,980.